Liberty Wealth Management LLC Purchases 127 Shares of The Procter & Gamble Company (NYSE:PG)

Liberty Wealth Management LLC grew its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,889 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Liberty Wealth Management LLC’s holdings in Procter & Gamble were worth $899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PrairieView Partners LLC increased its position in shares of Procter & Gamble by 5.8% in the first quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after acquiring an additional 63 shares in the last quarter. Apeiron RIA LLC boosted its stake in Procter & Gamble by 2.2% during the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after acquiring an additional 64 shares during the last quarter. Ambassador Advisors LLC boosted its stake in Procter & Gamble by 2.2% during the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after acquiring an additional 65 shares during the last quarter. Perennial Investment Advisors LLC lifted its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after buying an additional 65 shares during the last quarter. Finally, Tranquility Partners LLC lifted its position in shares of Procter & Gamble by 3.9% in the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after buying an additional 66 shares during the last quarter. 63.64% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.2 %

Shares of PG stock traded up $0.25 on Tuesday, reaching $145.52. The company had a trading volume of 53,913 shares, compared to its average volume of 7,033,719. The company has a 50-day moving average of $142.83 and a 200-day moving average of $150.78. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49. The stock has a market cap of $349.15 billion, a PE ratio of 25.00, a PEG ratio of 4.00 and a beta of 0.36.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The business had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. During the same period in the previous year, the company posted $1.13 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be paid a dividend of $0.913 per share. The ex-dividend date is Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.51%. Procter & Gamble’s payout ratio is 62.82%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $146.00, for a total transaction of $584,000.00. Following the completion of the transaction, the chief executive officer now owns 1,026 shares of the company’s stock, valued at approximately $149,796. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Ma. Fatima Francisco sold 4,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $146.00, for a total value of $584,000.00. Following the completion of the sale, the chief executive officer now owns 1,026 shares of the company’s stock, valued at approximately $149,796. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar G. Raman sold 1,599 shares of the stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the sale, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at approximately $580,770.24. The disclosure for this sale can be found here. In the last three months, insiders sold 7,599 shares of company stock valued at $1,106,047. 0.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday. Raymond James lifted their price objective on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. UBS Group decreased their target price on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. Finally, Credit Suisse Group raised their price target on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.93.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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